Parkside Financial Bank & Trust Has $846,000 Stock Holdings in Lockheed Martin Co. (NYSE:LMT)

Parkside Financial Bank & Trust grew its position in Lockheed Martin Co. (NYSE:LMT) by 10.2% during the 4th quarter, Holdings Channel reports. The firm owned 1,866 shares of the aerospace company’s stock after purchasing an additional 172 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Lockheed Martin were worth $846,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Herold Advisors Inc. lifted its position in Lockheed Martin by 8.6% during the 3rd quarter. Herold Advisors Inc. now owns 3,448 shares of the aerospace company’s stock worth $1,410,000 after buying an additional 274 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Lockheed Martin by 3.8% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 21,088 shares of the aerospace company’s stock worth $8,624,000 after purchasing an additional 770 shares during the last quarter. Alethea Capital Management LLC bought a new stake in Lockheed Martin during the 3rd quarter worth about $415,000. Meridian Wealth Management LLC raised its holdings in Lockheed Martin by 149.0% during the 3rd quarter. Meridian Wealth Management LLC now owns 11,960 shares of the aerospace company’s stock worth $4,892,000 after purchasing an additional 7,156 shares during the last quarter. Finally, New Mexico Educational Retirement Board raised its holdings in Lockheed Martin by 6.4% during the 3rd quarter. New Mexico Educational Retirement Board now owns 11,697 shares of the aerospace company’s stock worth $4,784,000 after purchasing an additional 700 shares during the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

Insider Activity

In other news, COO John Frank A. St sold 6,648 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $425.35, for a total value of $2,827,726.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, COO John Frank A. St sold 6,648 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $425.35, for a total value of $2,827,726.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Gregory M. Ulmer sold 6,204 shares of the stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $431.19, for a total value of $2,675,102.76. Following the completion of the sale, the insider now owns 12,604 shares in the company, valued at approximately $5,434,718.76. The disclosure for this sale can be found here. In the last 90 days, insiders sold 16,874 shares of company stock valued at $7,249,946. 0.14% of the stock is owned by insiders.

Lockheed Martin Stock Down 0.2 %

NYSE:LMT traded down $0.81 during trading hours on Tuesday, reaching $460.52. 1,265,517 shares of the stock were exchanged, compared to its average volume of 1,169,612. Lockheed Martin Co. has a twelve month low of $393.77 and a twelve month high of $483.53. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.21 and a quick ratio of 1.03. The firm has a 50 day moving average of $440.67 and a 200 day moving average of $443.62. The stock has a market cap of $110.75 billion, a PE ratio of 16.96, a PEG ratio of 4.23 and a beta of 0.48.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Tuesday, January 23rd. The aerospace company reported $7.90 EPS for the quarter, beating the consensus estimate of $7.26 by $0.64. The company had revenue of $18.87 billion during the quarter, compared to the consensus estimate of $17.96 billion. Lockheed Martin had a return on equity of 79.91% and a net margin of 10.24%. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $7.79 EPS. On average, equities analysts expect that Lockheed Martin Co. will post 26.13 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on LMT shares. Susquehanna decreased their price objective on Lockheed Martin from $550.00 to $540.00 and set a “positive” rating for the company in a research report on Wednesday, January 24th. Morgan Stanley decreased their price objective on Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 24th. UBS Group decreased their price objective on Lockheed Martin from $488.00 to $475.00 and set a “neutral” rating for the company in a research report on Wednesday, January 24th. Royal Bank of Canada decreased their price objective on Lockheed Martin from $475.00 to $470.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 24th. Finally, Citigroup reduced their price target on Lockheed Martin from $540.00 to $508.00 and set a “buy” rating for the company in a research report on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $475.80.

Lockheed Martin Profile

Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.